Bemidji City Council OKs bond sale for land for south shore redevelopment
The Bemidji City Council on Monday approved a resolution authorizing the sale of about $5.78 million in bonds to finance the land purchase for the south shore redevelopment.
The council voted 5-0 to approve the bond sale to United Bankers' Bank of Bloomington, Minn., at a true interest rate of 1.8503 percent. Councilors Barb Meuers and Kevin Waldhausen were absent.
Eight bids were received.
Are you a newspaper subscriber but you don't have a Digital Access account yet? https://secure.forumcomm.com/?publisher_ID=40&event=subscriber/lookup.
You will need your subscription account number and phone number. Not sure if you have an account? Email us at email@example.com and we can help you.